Binance said that Ng’s departure was not connected to the hack. Co-CEO Yi He said the leadership transition had been planned over the previous six months, before the security breach occurred.
Ng spent more than five years at Binance and played a central role in its financial operations during a period of rapid global expansion. The company has not disclosed details of his next venture.
The timing, however, is likely to draw scrutiny. A CFO transition so soon after a record-scale cyberattack can create uncertainty among investors, users and regulators, even when the company says the move was pre-planned.
